PVTIME – On November 19, Risen Energy Co., Ltd. (300118.SZ) disclosed on November 19 that it intends to launch a high-efficiency solar cell project with an annual output of 10GGW n-type cells in Chuzhou City, Anhui Province of China.
The project will be initiated by Risen New Energy (Anhui) Co., Ltd. (Risen Anhui), a wholly-owned subsidiary of Risen Energy, with an estimated total investment of 2.757 billion yuan, which shall be subject to the construction condition. The project is planned to be completed in 36 months within two phases.
The production capacity of solar cell in Risen is insufficient currently, comparing with that of solar modules, which may negatively influence the performance, the company stated. And this particular project is expected to cope with the problem via increasing production capacity of solar cells in the Chuzhou production base for the company, improving the overall profitability.